DON'T WAIT to view this WELL MAINTAINED 3-Bedroom 1.5 Bath RANCH w/FULL BASEMENT. Located in a Quiet Howard Twp. Neighborhood, You'll Appreciate the Recently created Open Concept Living/Dining/Kitchen area w/Center Island, makes Entertaining and Family Gatherings even better!! Sliding Door leads to the Back Deck where you can Continue w/Entertaining, Grill or Simply Relax. Enjoy the Above-ground Pool in your Privacy Fenced Backyard w/Newly Installed Security Light. Don't miss the Half Bath En-suite!! Basement offers a Large Family Room and 3 more rooms: 23x12 Laundry Room & 2 rooms used as Bedrooms (closets, no egress). Convenience of a 2-Car Attached Garage, ALL Appliances Stay, and Seller is offering a Home Warranty for Peace of Mind. Sellers have LOVED this home, but are relocating, so hoping you'll love it as much as they did!! Click on the BLUE MORE for LIST OF UPDATES & ADDITIONAL INFO...NEW in 2025: Water Heater, Waterproof Luxury Vinyl Plank Flooring, 2 Kitchen Light Fixtures, New Tile Tub Surround, Basement Steps, Replaced LR/Bsmt. wrought iron railing w/Drywalled Half Wall, New Refrigerator & Counter-top Microwave ... NEW in 2022: Roof, Vinyl Siding, Installed a Flood Light in Back and Washer & Dryer ... NEW in 2021: Removed wall between Living Room & Kitchen for Open Concept ... NEW in 2018: Pool Liner ... NEW in 2015: 200 amp Breaker Box ... NEW in 2005: 4" Well 90'. NOTE: One section of privacy fence fell & needs fixed. Selling "AS IS" as Sellers are now out of state and can do no repairs. Some info per 3rd Parties so Buyer to verify all info. Conveniently Located Near M-60 and US 12 with Quick Access to Downtown Niles, Hospital, Indiana, numerous Colleges & Universities, and only 90 mins. to Chicago. MAKE AN APPT. to VIEW TODAY!!!
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
